Yello, Paradisers! Can the #CHRUSDT bulls gather enough momentum to break out of the descending channel? Let's look at the latest analysis of the #Chromia:
💎After a steady 5-6 month downtrend, #CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question is—can the bulls seize this moment to spark a reversal and finally break out of the descending channel?
💎For #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242—a key level that once served as strong support but has now turned into a significant obstacle. A breakout here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
💎However, if the bulls fail to maintain upward pressure, we could see a pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
💎The real danger, however, lies at $0.124. If this support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎After a steady 5-6 month downtrend, #CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question is—can the bulls seize this moment to spark a reversal and finally break out of the descending channel?
💎For #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242—a key level that once served as strong support but has now turned into a significant obstacle. A breakout here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
💎However, if the bulls fail to maintain upward pressure, we could see a pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
💎The real danger, however, lies at $0.124. If this support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Trade closed: target reached
💎As predicted, #CHRUSDT has delivered a solid 164.61% gain
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.